Welspun Corp Limited receives multiple orders aggregating to approx. Rs. 1400 crore

Welspun Corp Limited have received multiple orders of approximately 120 KMT valuing close to Rs. 1,400 Crore most of which will be executed from its facilities in India. This includes a significant and a very prestigious export order for a deep offshore pipeline project (of approximately 59 KMT) in Gulf-of-Mexico, USA.

This exhibits overall improvement in business sentiments, company's strong customer connect, their confidence in technical excellence and execution capabilities of the company.

With these orders, the company's order book stands at 492 KMT valued at approximately Rs. 4,700 Crore, after considering execution up to August 2021.

Shares of Welspun Corp Limited was last trading in BSE at Rs. 121.9 as compared to the previous close of Rs. 123.9. The total number of shares traded during the day was 198094 in over 2961 trades.

The stock hit an intraday high of Rs. 124.55 and intraday low of 119.2. The net turnover during the day was Rs. 23995934.

Source : Equity Bulls

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